Tevis Investment Management raised its position in shares of Unilever PLC (NYSE:UL – Free Report) by 15.0% during the 2nd quarter, Holdings Channel reports. The firm owned 98,231 shares of the company’s stock after buying an additional 12,826 shares during the quarter. Unilever comprises 3.2% of Tevis Investment Management’s portfolio, making the stock its 5th largest holding. Tevis Investment Management’s holdings in Unilever were worth $5,906,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in shares of Unilever during the fourth quarter worth about $25,000. Bard Associates Inc. acquired a new position in Unilever in the 4th quarter worth approximately $27,000. Palisade Asset Management LLC acquired a new position in Unilever in the 3rd quarter worth approximately $25,000. Financial Life Planners purchased a new position in Unilever during the 1st quarter worth approximately $25,000. Finally, Whipplewood Advisors LLC purchased a new position in Unilever during the 1st quarter worth approximately $29,000. 9.67% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have commented on UL. Weiss Ratings upgraded shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. TD Cowen restated a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Unilever presently has an average rating of “Hold” and an average price target of $65.55.
Unilever Price Performance
Shares of NYSE:UL opened at $62.12 on Friday. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The business has a 50 day moving average of $61.28 and a two-hundred day moving average of $62.20.
Unilever (NYSE:UL – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.92). The firm had revenue of $14.62 billion for the quarter, compared to analyst estimates of $14.80 billion. As a group, equities analysts anticipate that Unilever PLC will post 3.51 earnings per share for the current year.
Unilever Company Profile
Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.
Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.
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